The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-05-06
HOLDING FOR HIGHER PRICES.
The Unwilingness of Real Estate Owners to
Sell Causes a Lull in the Market

The real-estate transfers were fewer in num-
Der yesterday than on any day for two weeks.
but there was no lull in the activity of the
ket. Many large sales were made for which the
deeds not recorded, and there was any
amount of dickering. The Offices of the receiv-
who still have desirable property to sell
were thronged all day, but, as the remaining
property Is being held at slightly advanced fig
ures, not many sales were reported as pre-
vious days. Many of the people who have prop
erty in the suburbs have come to the conclusion
that they will hold to it. for WHILE at least,
in anticipation of an imitation in prices-about
the time the city begins to natural gas for
fuel. There is property for sale by persons who
have bought up large tracts to speculate on but
the many citizens who desire lots for permanent
homes prefer to avoid the middlemen. Howev-
er. the real-estate men have much desirable
property that they are selling reasonable
terms, and are finding many purchasers
Already owners of undivided farms around
the city limits making arrangements to lay
off their land into lots and put them into the
market tine city is bound to spread out in
every direction" said realestate man vest
day. land it won't be long until every farm
within mile of the present city limits will DO
subdivided into lots" The moneyed men are
having their attention directed to the land west
of the city, which, they say, offers superior ad-
vantages for both residences and manufactures.
Among the sales yesterday were fifteen lots in
Clark's addition to Hauehvie by Joseph H
Clark to u. T. Hobbs for So. $50 cash. There is
n demand for all the land north and west of the
Insane Asylum. The Fletcher & Sharpe prop
erty still continues to go rapidly. Receiver
Wallace yesterday made several sales. The
deeds recorded yesterday were as follows
Mary E. Rusie and husband to Charles s.
LaTolette, lots AS and 40 in Pettibone
to Indianapolis 100000
lot o. in outlot rs in Indianapolis 5000
William Wallace, receiver to Rosina
Winter, lot 1S1, in Ingram Fetcher's
subdivision of Ingram Fletchers Oak
Hill addition to indianapolis .--..----- 10000
Joseph H. Clark to Zachariah F. Hobbs,
Vile I've - o..1 @e...o.. - . $4,000
Company to David g. Wiley, lot A. in
Fitzgeralds subdivision of lots 6. z and
s. in Hoss IS subdivision of part of block
danapoiis lis .- 49, '- 10000
Parker & Hanway's subdivision of A. E.
Fletchers fourth Brookside addition to
Central Chair Company Eagle Machine
Company, part of square u, in Indian
Thames Loan and Trust Company to
Susan Il. H Perkins, part of lot g. in
of outlots IL and IS. in Indianapolis 10000
Mary E. Moore and husband to Arthur J.
Minchener; part of lot 4 in Edward
I76 in Indianapolis ----..--..--- 10000
David Fudge and wife to VIM. F. Locke ct
al. lot 81 in Kappes & Naltner's
Eighth street addition to indianapolis 10000
Harry j. Milfgan. trustee. to Maria A.
Love. lots and 9 in Milligan's Park
Front addition to indianapolis. 10000
Abraham Hoefgen to Henry Climber lot
vision to Indianapolis 80. o..~'o - 10000
Sabra NJ. Forbes to Luella A. Mcfarland.
lot 413 in Spann & Co.'S second Wood
lawn addition to Indianapolis 10000
John Heron ct al. to Benz. F. Mcfarland,
lot 244 in Spann & Co.'S first Wood
lawn addition to indianapolis - 10000
William j. johnson and wife to Charles
II. Sparks. 10 lots in johnson and Hog
shires East Washingto street addition
to Indianapolis Observation-Disclosures. 100000
Susan M. Zilar to Aaron H. Blair lot 10
in square % in Indianapolis IL, 10000
Berkshire Life Insurance Company to Ella
L. Mankedick. lot &c in Birkenmeyer's
addition to Indianapolis $4,000
Conveyances II; consideration .----. $40 $1,000
The following building permits were issued
yesterday: Mrs Catharine Rodgers repair brick
residence, on Wabash street near Alabama. 5000;
Mary F. Muhl, frame business house. on Seventh
street near Alabama. S., 100 VIM. Grant frame
cottage, on Michigan street near Dorman. $500;
John Monteeth, frame cottage, on Pleasant
street near Olive, $3.50; George Anderson. two
frame cottages. on Buchanan street near East,
$3.50 each.